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#china · How AI Is Reshaping Work

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Alibaba's capex rose 75%. Its profit fell 76%. AI & Jobs

Alibaba's capex rose 75%. Its profit fell 76%.

Alibaba filed its June-quarter numbers on August 21. Revenue up 9%, net income down 76%, capital expenditure up 75%. Eddie Wu gave investors a payback date for the first time: three years, maybe two.

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